The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

The complete offering terms are in an offering plan available from the Sponsor. File No.CD16-0082.
Sponsor: MIPA 59/Third Owner, LLC,767 Fifth Avenue, 21st Floor, New York, New York 10153. The unit
layout, square footage, and dimensions are approximate and subject to normal construction variances
and tolerances. Sponsor reserves the right to make changes in accordance with the terms of the
offering plan. Plans and dimensions may contain minor variations from floor to floor.

Legal

The complete offering terms are in an offering plan available from the Sponsor: 56th and Park (NY) Owner, LLC. File No.
CD11-0239. Sponsor address: 56th and Park (NY) Owner, LLC, 540 Madison Avenue, New York, NY 10022. Sponsor reserves
the right to make changes in accordance with the terms of the Offering Plan.

Privacy Policy

56th and Park (NY) Owner, LLC (referred to herein as “56th and Park”,” “we,” or “us”)
is committed to protecting the privacy of the users of its website located at 432parkavenue.com (the “Website”).
This statement discloses our privacy practices. The purpose of this statement is to inform you of the following:

What kinds of information we collect from users of the Website and how the information is used by us;

Whether we disclose any user information to third parties;

How you can access, update or delete any information that we collect about you; and

The security procedures we use to protect your personal information.

By using the Website, you’re agreeing to the terms and conditions of this Privacy Policy. We reserve the right
to change, modify, add, or remove portions of our Privacy Policy at any time. Please check this page periodically for
changes. If you have any questions about our Privacy Policy, please email us at info@432parkavenue.com.

How we collect information You may be asked for information that identifies you, including your
name, email address, mailing address, zip code, telephone number and fax number (collectively, “Personal Information”)
on our Website. You may also elect to provide Personal Information to us by sending or responding to emails regarding
certain listings or services offered on our Website. We do not collect any Personal information from you when you visit
the Website unless you provide it voluntarily. When you voluntarily submit your Personal information to us, you are
giving us your consent to the collection, use, and disclosure of your Personal Information as set forth in this Privacy
Policy.

You can visit the Website without revealing any personal information. However, this Website collects usage information
through a variety of technical methods, including collecting internet protocol addresses (“IP Address”), using cookies
and using web beacons (such information, “Other Information”, and together with Personal Information, “Information”).
Our web servers collect the IP Addresses, but not the email addresses, of users. This information can measure the number
of visits, average time spent on the site, pages viewed, and other such statistics. In addition, you may occasionally
receive cookies from third parties to which you link from our Website. If you prefer, you may set your browser to ask
for your permission before you receive a cookie. We do not control these third party cookies, and they are not subject
to this Privacy Policy.

Cookies are pieces of information that a website sends to your computer while you are viewing the site. Web beacons are
small pieces of data that are embedded in images on the pages of Sites. Cookies, web beacons and other technical methods
may involve the transmission of information either directly to us or to another party authorized by us to collect information
on our behalf.

How we use and disclose information We collect, generate, retain and use your Information for
our own internal purposes in connection with the facilitation, recording and processing of any requests, communications,
or interactions you may have with our Website.

When you request information, we need to know your Personal Information. This allows us to process and fulfill your request.
We do not sell, trade, or rent your Personal Information to others.

In an ongoing effort to better understand our users, Website, products, and services, we may analyze the Information
in aggregate form to operate, maintain, manage and improve our products, services, and/or the Website. We may share
this aggregate information with our affiliates, agents, and business partners. We may also disclose aggregated user
statistics to describe our products, services, and our Website to current and prospective business partners and to
other third parties for other lawful purposes.

In addition, your Information may be used by us to provide you with information regarding our products and services.
We may from time to time share Information with other companies who may provide you information about the products
and services we offer. For example, we or our third-party vendors may use your email address to send you special announcements
and notifications of new real estate listings, services or promotions that may be of interest to you. However, to the
extent required by law, you will be given the opportunity to opt-out of such sharing.

We may also disclose Personal Information about you upon request by the government, in response to a court order, when
required by law or when we believe in good faith such disclosure is required by law, to enforce our Privacy Policy
or other agreements on this Website, upon your request, or to contact, identify or bring legal action against someone
who may be causing injury to or interference with our or others’ rights or property, including but not limited
to claims for infringement of intellectual property.

We may use Other Information for many purposes, including delivering content, tracking and enhancing our users’
experience on the Website. For example, when you return to our Website after logging in, cookies provide information
to the site so that the Website will remember who you are. We also may use technical methods to analyze the traffic
patterns on our Website, such as the frequency with which our users visit various parts of our Website, as well as
the frequency with which our users visit other sites. In HTML emails that we send our users, we may use technical methods
for a number of purposes, including: to determine whether our users have opened or forwarded those emails and/or clicked
on links in these emails, and to determine whether a guest has made an inquiry or purchase in response to a particular
email. These technical methods may enable us to collect and use Information in a form that is personally identifiable.

Data security We take commercially reasonable steps to protect Information from loss, misuse,
and unauthorized access, disclosure, alteration, or destruction. Our vendors are required to maintain and implement
robust security policies and procedures that combine with available technologies in accordance with prevailing industry
standards, all of which are designed to protect the confidentiality, integrity, and availability of your Information.
To the extent we are provided with social security numbers or personal financial information, we comply with all applicable
regulations regarding the confidentiality and safe disposal of such information. Please understand, however, that no
security system is impenetrable. We cannot guarantee the security of our databases, nor can we guarantee that the information
you supply will not be intercepted while being transmitted to and from us over the Internet. In particular, e-mail
sent to or from the Website may not be secure, and you should therefore take special care in deciding what information
you send to use via e-mail.

No liability for acts of third parties We will have no liability for disclosure of personally
identifiable Information due to errors in transmission, unauthorized acts of third parties or through the use of third
party cookies, including those of any advertisers when you view or click on their advertisements. The Website may contain
links to external websites. We have no control over the privacy practices or the content of such external websites.
As such, we are not responsible for the content or the privacy policies of those external websites. Once you leave
this Website, you will be subject to third party privacy policies, which may differ significantly from our Privacy
Policy.